Bulgaria Antiseptic And Disinfectant Market Size & Outlook
Bulgaria antiseptic and disinfectant market, 2017-2030 (US$M)
Related Markets
Bulgaria antiseptic and disinfectant market highlights
- The Bulgaria antiseptic and disinfectant market generated a revenue of USD 190.7 million in 2023 and is expected to reach USD 336.2 million by 2030.
- The Bulgaria market is expected to grow at a CAGR of 8.4% from 2024 to 2030.
- In terms of segment, quaternary ammonium compounds was the largest revenue generating type in 2023.
- Enzyme is the most lucrative type segment registering the fastest growth during the forecast period.
Antiseptic and disinfectant market data book summary
| Market revenue in 2023 | USD 190.7 million |
| Market revenue in 2030 | USD 336.2 million |
| Growth rate | 8.4% (CAGR from 2023 to 2030) |
| Largest segment | Quaternary ammonium compounds |
| Fastest growing segment | Enzyme |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Quaternary Ammonium Compounds, Chlorine Compounds, Alcohols & Aldehyde Products, Enzyme |
| Key market players worldwide | 3M Co, Reckitt Benckiser Group PLC, Steris PLC, Kimberly-Clark Corp, Cardinal Health Inc, BD, Johnson & Johnson, Bio-Cide International |
Other key industry trends
- In terms of revenue, Bulgaria accounted for 0.6% of the global antiseptic and disinfectant market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, UK antiseptic and disinfectant market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 3,063.1 million by 2030.
Quaternary ammonium compounds was the largest segment with a revenue share of 31.57% in 2023. Horizon Databook has segmented the Bulgaria antiseptic and disinfectant market based on quaternary ammonium compounds, chlorine compounds, alcohols & aldehyde products, enzyme covering the revenue growth of each sub-segment from 2017 to 2030.
Low awareness about prevention of hospital-acquired infection and absence of key players in the market are among the major factors restraining market growth over the forecast period. In addition, low healthcare expenditure in the country often restricts entry of new or local players in the market, as the scope for growth is very limited.
Furthermore, limited number of hospitals and clinics in Bulgaria is also expected to lower the demand for antiseptics and disinfectants. Hence, the market is expected to exhibit low growth rate over the forecast period.
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Antiseptic And Disinfectant Market Scope
Antiseptic And Disinfectant Market Companies
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Bulgaria antiseptic and disinfectant market size, by type, 2017-2030 (US$M)
Bulgaria Antiseptic And Disinfectant Market Outlook Share, 2023 & 2030 (US$M)
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